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re: 51% of 30 year olds make more than their parents did at 30;down from 92% in 1970
Posted on 12/9/16 at 9:47 am to slackster
Posted on 12/9/16 at 9:47 am to slackster
quote:
200k gross per year is upper class whether you want to accept it or not. How you spend that money is a personal choice, but taking home upwards of $10k per month is not "middle class" anything.
I could hear an argument that 200K is the threshold for Upper Class but when you out earn 94% of everyone else, you aren't in the middle.
1
Posted on 12/9/16 at 9:50 am to stewie
Haha just go on a site like Careerbuilder. Its crazy. You'll legitimately see employers wanting years of experience for entry level jobs and entry level pay.
Posted on 12/9/16 at 9:52 am to GetCocky11
quote:
1970
A college degree wasn't even required for most jobs, an actually college degree was a huge plus.
Now a days you need an MBA, JD, CPA, etc... In order to make it to the top promotions, if you don't get these things, you will get passed on later in life. so most 30 year olds are still going through the bullshite weeding out process in the job markets and picking up degrees.
In 1970 a 22 year old was considered a man ready to work and could get a job with no experience and work his way up with responsibilities and by 30 be 8 years deep in a career with a house and a wife. His company would invest in him and train him and build loyalty.
A 22 year old in 2016 is looked at like a stupid kid by most companies and has to take a few different low paying bullshite entry jobs to get to one that might invest in him and then work from there. The company wants fully experienced perfect employeess without training them or investing in them.
And all you hear from the top is "I did it". frick you. No you didn't. How many of your parents and friends of your parents and grandparents talk about a "mentor" when they started working or can quote some great boss at the company that helped them along? Now think about your jobs and your friend jobs and how many times that is said? Or how many times the bosses don't even interact with lower employers.
This post was edited on 12/9/16 at 9:58 am
Posted on 12/9/16 at 9:53 am to SuperSoakher
quote:
Well a degree in 18th century British poetry can only go so far
I like to make fun of these people as well but let's not pretend this is even a significant percent of the issue.
Posted on 12/9/16 at 9:53 am to GetCocky11
It's because these new lazy fricks do not want to do any of the hard nosed jobs our parents did. Blue collar jobs are in EXTREME need but no one wants to do it.
I started making more than my parents did when I was around 22.
I started making more than my parents did when I was around 22.
Posted on 12/9/16 at 9:54 am to KG6
quote:
But I know quite a few people making 200k combined. Hell, I think we did last year with bonuses. It by no means puts you in the upper class.
Are you willfully ignorant of this county? 200k a year beats 95% of this country.
Venture outside of your sheltered little life sometimes.
Posted on 12/9/16 at 9:54 am to bamafan1001
I have young attorneys come to me saying there are starting salaries of 40k. In private practice.
Posted on 12/9/16 at 9:57 am to Antonio Moss
quote:
I could hear an argument that 200K is the threshold for Upper Class but when you out earn 94% of everyone else, you aren't in the middle.
There is a segment of people who like to say they're upper-middle class because they like the blue-collar connotations that come with being in the middle class, but when you make 3-4 times the income of someone that is actually middle class, you're not in the same class.
Posted on 12/9/16 at 9:58 am to SabiDojo
I bet our office would have 200 kids lined up for that if we wanted to interview them all. 
Posted on 12/9/16 at 9:59 am to SabiDojo
quote:
have young attorneys come to me saying there are starting salaries of 40k. In private practice.
LOL. 40k isn't enough to live unless you got out of law school for free, have no wife, and don't want one. And what's the firm going to bill that kid out at 100k?
This post was edited on 12/9/16 at 10:00 am
Posted on 12/9/16 at 9:59 am to RileyTime
quote:
It's because these new lazy fricks do not want to do any of the hard nosed jobs our parents did. Blue collar jobs are in EXTREME need but no one wants to do it.
This is empirically false.
In 1977, manufacturing jobs made up about 22% of all non-farm jobs in the U.S.
In 2016, manufacturing jobs make up 9% of all non-farm jobs in the U.S.
That's a dramatic reduction in a short period of time.
Posted on 12/9/16 at 10:01 am to SabiDojo
quote:
I have young attorneys come to me saying there are starting salaries of 40k. In private practice.
Yep, Louisiana's legal market is a perfect example of over-saturation. I was speaking with another attorney about this last week. The state bar exam has got to get harder.
Posted on 12/9/16 at 10:01 am to Antonio Moss
quote:
I like to make fun of these people as well but let's not pretend this is even a significant percent of the issue
And it should be irrelevant, in my opinion.
Go into any business where you see accomplished people over the age of 40 and chances are they didn't study banking, insurance, or management. They studied history, art, biology, even poetry.
We have created this false idea that you go to college for on-the-job training. No. You go to trade school or get a job that provides such training. You go to college to become educated, and the workforce needs educated people.
Do people really want to live in a world where no one studies philosophy, art history, or languages? I don't.
If businesses look at a person's resumé and thinks someone who studied English literature can bring no value to their company, then they are fools.
Posted on 12/9/16 at 10:02 am to Breesus
quote:
And what's the firm going to bill that kid out at 100k?
I was billed out at $275/hour on most files as a first year associate.
Posted on 12/9/16 at 10:04 am to SabiDojo
quote:
Go into any business where you see accomplished people over the age of 40 and chances are they didn't study banking, insurance, or management. They studied history, art, biology, even poetry.
This 100%. It's something i have argued on this board before and will continue to do so.
You go to college to be educated and to learn. It's about growing your mind and developing it. It's not about actual job experience and it should never be about choosing a permanent career path based on your major. I
It's funny if you talk to a company that advertises it wants only kids with business degrees, most of them behind closed doors will tell you that the majority of the people couldn't think their way out of a wet paper bag. They've been trained to follow formulas and do what an instructor says.
This post was edited on 12/9/16 at 10:05 am
Posted on 12/9/16 at 10:04 am to SabiDojo
quote:
And it should be irrelevant, in my opinion.
Go into any business where you see accomplished people over the age of 40 and chances are they didn't study banking, insurance, or management. They studied history, art, biology, even poetry.
We have created this false idea that you go to college for on-the-job training. No. You go to trade school or get a job that provides such training. You go to college to become educated, and the workforce needs educated people.
Do people really want to live in a world where no one studies philosophy, art history, or languages? I don't.
If businesses look at a person's resumé and thinks someone who studied English literature can bring no value to their company, then they are fools.
I agree with all of this although I do believe there are some degrees that are borderline worthless. Philosophy, history, and English do not fall in that category.
Posted on 12/9/16 at 10:04 am to Breesus
quote:
LOL. 40k isn't enough to live unless you got out of law school for free, have no wife, and don't want one. And what's the firm going to bill that kid out at 100k?
It's ridiculous.
Law schools, state Bar associations, and firms are just killing the practice right now.
Posted on 12/9/16 at 10:06 am to Breesus
quote:
It's funny if you talk to a company that advertises it wants only kids with business degrees, most of them behind closed doors will tell you that the majority of the people couldn't think their way out of a wet paper bag. They've been trained to follow formulas and do what an instructor says.
And sadly, that is simply a continuation of our archaic model of primary and secondary education that was designed for the industrial revolution some 200 years ago.
Posted on 12/9/16 at 10:07 am to Antonio Moss
Baby Boomers are cancer to the world. Their generation is linked to global warming, crashing the economy, destroying the middle class, and destroying the economy for their children and grandchildren. Congrats to the greatest generation ever.
This post was edited on 12/9/16 at 10:24 am
Posted on 12/9/16 at 10:07 am to GetCocky11
Good jobs are hard to find. Everyone already knows this.
Plus, you have a lot of people spending time getting bullshite degrees and going on sabbatical for a few years after college.
Plus, you have a lot of people spending time getting bullshite degrees and going on sabbatical for a few years after college.
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